Oceanic Beverages Correlations
| 1213 Stock | TWD 15.25 0.10 0.65% |
The current 90-days correlation between Oceanic Beverages and Hey Song Corp is -0.07 (i.e., Good diversification). The correlation of Oceanic Beverages is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Oceanic Beverages Correlation With Market
Significant diversification
The correlation between Oceanic Beverages Co and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oceanic Beverages Co and DJI in the same portfolio, assuming nothing else is changed.
Oceanic |
The ability to find closely correlated positions to Oceanic Beverages could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oceanic Beverages when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oceanic Beverages - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oceanic Beverages Co to buy it.
Moving together with Oceanic Stock
Moving against Oceanic Stock
| 0.84 | 1235 | Shin Tai Industry | PairCorr |
| 0.8 | 2923 | Sino Horizon Holdings | PairCorr |
| 0.78 | 2227 | Yulon Nissan Motor | PairCorr |
| 0.75 | 1725 | Yuan Jen Enterprises | PairCorr |
| 0.74 | 3219 | Service Quality Tech | PairCorr |
| 0.73 | 6144 | Deltamac Taiwan | PairCorr |
| 0.69 | 5432 | Data International | PairCorr |
| 0.62 | 6020 | Tachan Securities | PairCorr |
| 0.49 | 0051 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Oceanic Stock performing well and Oceanic Beverages Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Oceanic Beverages' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1234 | 0.31 | (0.03) | 0.00 | 4.76 | 0.00 | 0.74 | 2.07 | |||
| 1217 | 0.58 | 0.02 | 0.03 | 1.95 | 0.54 | 1.67 | 3.02 | |||
| 1219 | 0.77 | (0.26) | 0.00 | (9.40) | 0.00 | 1.74 | 5.80 | |||
| 1218 | 0.70 | (0.03) | 0.00 | (0.18) | 0.00 | 1.60 | 4.81 | |||
| 1233 | 0.62 | (0.14) | 0.00 | (1.41) | 0.00 | 1.01 | 3.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oceanic Beverages without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Oceanic Beverages Corporate Management
Elected by the shareholders, the Oceanic Beverages' board of directors comprises two types of representatives: Oceanic Beverages inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oceanic. The board's role is to monitor Oceanic Beverages' management team and ensure that shareholders' interests are well served. Oceanic Beverages' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oceanic Beverages' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chengzhi Wu | Director | Profile | |
| Zhongmin Yu | Director | Profile | |
| Zhenmin Wang | Chairman of the Board, General Manager | Profile | |
| Chenxiong Cai | Deputy General Manager | Profile | |
| Hongling Liao | Independent Director | Profile |